Investing in Hudson Pacific Properties Inc. (HPP) Is Getting More Attractive


Hudson Pacific Properties Inc.’s recent filing unveils that its Chief Executive Officer COLEMAN VICTOR J acquired Company’s shares for reported $98859.0 on Dec 06. In the deal valued at $10.63 per share,9,300 shares were bought. As a result of this transaction, COLEMAN VICTOR J now holds 615,369 shares worth roughly $ 5.79 million.

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Then, LAMMAS MARK T bought 5,000 shares, generating $55,550 in total proceeds. Upon buying the shares at $11.11, the President now owns 189,865 shares.

Before that, Suazo Arthur X. bought 4,347 shares. Hudson Pacific Properties Inc. shares valued at $48,295 were divested by the EVP, Leasing at a price of $11.11 per share. As a result of the transaction, Suazo Arthur X. now holds 77,102 shares, worth roughly $0.73 million.

Robert W. Baird upgraded its Hudson Pacific Properties Inc. [HPP] rating to an Outperform from a a Neutral in a research note published On Friday, January 06, 2023; the price target was decreased to $12 from $13. A number of analysts have revised their coverage, including Credit Suisse’s analysts, who increased its forecast for the stock in mid October from “an Underperform” to “a Neutral”. BTIG Research also remained covering HPP and has decreased its forecast on October 19, 2022 with a “Neutral” recommendation from previously “Buy” rating. Citigroup revised its rating on September 19, 2022. It rated HPP as “a Neutral” which previously was an “a Buy”.

Price Performance Review of HPP

On Friday, Hudson Pacific Properties Inc. [NYSE:HPP] saw its stock fall -2.08% to $9.41. Over the last five days, the stock has lost -9.78%. Hudson Pacific Properties Inc. shares have fallen nearly -3.29% since the year began. Nevertheless, the stocks have fallen -61.65% over the past one year. While a 52-week high of $28.66 was reached on 02/02/23, a 52-week low of $9.10 was recorded on 01/06/23. SMA at 50 days reached $10.22, while 200 days put it at $13.01. A total of 1.45 million shares were traded, compared to the trading of 1.33 million shares in the previous session.

Levels Of Support And Resistance For HPP Stock

The 24-hour chart illustrates a support level at 9.28, which if violated will result in even more drops to 9.14. On the upside, there is a resistance level at 9.51. A further resistance level may holdings at 9.60. The Relative Strength Index (RSI) on the 14-day chart is 33.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.90%. Stochastics %K at 6.51% indicates the stock is a buying.

How much short interest is there in Hudson Pacific Properties Inc.?

A steep rise in short interest was recorded in Hudson Pacific Properties Inc. stocks on Jan 30, 2023, dropping by -1.5 million shares to a total of 8.08 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 9.58 million shares. There was a decline of -18.56%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 8.40% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.39.

Hudson Pacific Properties Inc. [HPP] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 22,281,895 shares, or roughly 15.81% of the outstanding HPP shares. In other words, the investor’s shares have risen by 996,153 from its previous 13-F filing of 21285742.0. Additionally, BlackRock Fund Advisors increased 41.70% of its stake after which the total value it holdings stand at $216,518,524, while Norges Bank Investment Management added 13.63% of its stake to hold $118.51 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 263,898 shares of Hudson Pacific Properties Inc., while Canada Pension Plan Investment Bo bought 0 shares. At present, Blackstone Alternative Investment is holding 3,797,100 shares valued at $43.25 million. Goldman Sachs Asset Management LP owned 3,197,917 shares of the company at the time of its most recent 13F filing, worth $36.42 million.


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